i-Sinar withdrawal
i-Sinar withdrawal

MORE THAN HALF OF I-SINAR WAS USED FOR INSTALMENT PAYMENTS

KUALA LUMPUR, 2 February 2021 - The UCSI Poll Research Centre recently released their poll results on “The Helpfulness of i-Sinar Scheme to You”. The poll was conducted among 809 people in Malaysia who have withdrawn from or planned to participate in the i-Sinar scheme. The margin of sampling error for this sample size is +/- 3%.

In the survey, 68.3% of the respondents stated that the i-Sinar scheme was useful in helping with financial difficulties. 20.9% of the respondents said that the i-Sinar was somehow useful and another 10.8% of the respondents felt that the i-Sinar scheme was not useful.

The table below illustrates the respondents’ answers when they were asked further on how they spent their EPF withdrawal fund from the i-Sinar scheme:

The top three reasons for the usage of the i-Sinar scheme were selected for further analysis based on the respondents’ demographics.

When asked whether their retirement fund will be affected in the future, 47.2% of the respondents chose ‘Yes’, while 30.2% chose ‘No’, and 22.6% of the respondents chose ‘Uncertain’.

The UCSI Poll Research Centre said that repaying monthly instalments was the main purpose for respondents in withdrawing from the i-Sinar scheme especially for the B40, M40 group and those aged between 26 – 55 years old. It may be important for Malaysians to review if we have high levels of commitment and if we are well-prepared for rainy days.

Interestingly, investment was one of the reasons in withdrawing through the i-Sinar scheme particularly for the T20 group and those aged between 40 – 55 years old. Despite the hardships faced during the COVID-19 pandemic, some people saw this as an opportunity to invest and plan for their future.

About UCSI Poll Research Centre The UCSI Poll Research Centre (UCSI-PRC) is a public opinion research company owned by the UCSI Group. Its main objective is to utilise original and scientific research methodologies to investigate and analyse public opinions and attitudes.

Contact Info

UCSI Poll Research Centre Sdn Bhd, 9th Floor Block G, South Wing, UCSI University, Kuala Lumpur.

[email protected]

03-91018880 (ext: 2430 / 2369)